Veteran Cannabis Company Harborside Joins Wave of U.S. Firms Listing on Canadian Exchange
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Veteran Cannabis Company Harborside Joins Wave of U.S. Firms Listing on Canadian Exchange

Harborside on Monday joined a growing wave of American cannabis companies that have listed shares on the Canadian Securities Exchange.

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June 11, 2019

San Francisco (CNN Business) Harborside, a prominent Bay Area dispensary chain, wants to establish itself as the dominant player in Northern California's cannabis industry. To do that, it's gone to Canada.

Harborside on Monday joined a growing wave of American cannabis companies that have listed shares on the Canadian Securities Exchange as a means of accessing capital to operate and grow businesses still deemed illegal under US federal law.

Following a previously announced reverse merger with Lineage Grow Co. Ltd. — a deal initially valued at C$200 million (about $150 million) — the resulting company, known as Harborside Inc., is trading on the CSE under the ticker symbol HBOR.